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405 Wood Street Pittsburgh, PA 15222

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For Sale
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Hospitality property in downtown Pittsburgh with strong corporate and institutional base.

Added:
Mar 5, 2026
Days on Market:
28
Last Refresh:
Mar 25 at 8:29 pm

Property Features for 405 Wood Street

General Information

Standard status
Active

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Listing Contact
Brent Clemens

Listing agent Brent Clemens License #MA #9533459-RE-B

Listing office

Listing date Mar 5, 2026

Source Alchemyrea

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Brent Clemens


Overview

Downtown Pittsburgh Hospitality Property

This hospitality property is located in downtown Pittsburgh, benefiting from a strong corporate and institutional base anchored by healthcare, financial services, technology, robotics, and advanced manufacturing sectors. These sectors contribute to the Pittsburgh CBD's trailing-12 month RevPAR gains of nearly 5%. The property benefits from a robust calendar of annual marquee events, including professional sports seasons, cultural festivals, concerts, and university-related events, driving consistent compression and elevated ADR periods. Positive long-term visitation trends are supported by downtown revitalization, riverfront development, and continued public and private sector investment, including the $740MM Esplanade development and the $300MM FNB Financial Center Lower Hill District. High barriers to entry for new downtown hotel supply exist due to historic preservation requirements, zoning constraints, limited developable sites, and elevated construction costs.
Location Intelligence

Current Use by Public Records

The Industrialist Hotel, Pittsburgh, ... Hotel & Motel The Rebel Room Restaurant

Suggested Use

Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Pittsburgh
County
Allegheny
State
Pennsylvania
Longitude
-80.0013
Latitude
40.4398

FAQs

What type of property is this?
Hotel - Hospitality property in downtown Pittsburgh with strong corporate and institutional base.
Where is this hotel located?
The property is located at 405 Wood Street Pittsburgh, PA.
What are key features of this property?
This property features: Strong corporate and institutional base including healthcare, financial services, technology, robotics, and advanced manufacturing.; High barriers to entry for new downtown hotel supply.; Positive long‑term visitation trends supported by downtown revitalization and riverfront development.
More about this property
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